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About the Role

The CFO, Corporate Real Estate (CRE) is the senior finance leader accountable for the financial strategy, planning, and analytics of U.S. Bank's extensive physical footprint. This role shapes the bank’s go-forward footprint by translating workforce strategy, location choices, and operating model shifts into clear financial tradeoffs. It is a build-and-transform mandate, not a caretaker role, focused on executing a multi-year strategic real estate plan.

Responsibilities

Serve as the primary strategic finance partner to the Head of Corporate Real Estate, embedded in strategy development.
Deliver executive-ready narratives that simplify complex tradeoffs and present real estate strategy and multi-year financial impact to senior leadership.
Lead multi-year footprint planning and own the financial modeling behind the strategic real estate plan.
Build and maintain a dynamic, site-level portfolio model that supports rapid scenario analysis.
Quantify P&L, cash flow, and balance sheet impacts for major footprint actions and establish clear decision thresholds.
Lead total-cost-of-location analysis for new sites, integrating occupancy, labor, benefits, tax, and transition costs.
Own the financial evaluation of real estate investments and commitments, including sensitivity analysis.
Evaluate and structure real estate transactions, considering after-tax NPV, balance sheet, and regulatory capital implications.
Drive real estate tax strategy, including property tax appeals, PILOT agreements, economic incentives, and abatements.
Partner with Treasury on funding and capital implications and with Corporate Accounting on lease accounting, controls, and reporting integrity.
Build and run core analytics to enable proactive portfolio decisions.
Establish operating and performance metrics that drive efficiency, effectiveness, and accountability across the CRE portfolio.
Own forecasting and performance reviews, surfacing variance drivers and leading indicators.
Maintain strong financial governance, risk management, and audit readiness across the CRE portfolio.
Lead, develop, and retain a high-performing finance team spanning FP&A, transaction support, capital planning, and lease accounting.

Requirements

15+ years of progressive finance experience, including 5+ years as a divisional or functional CFO or senior finance leader, ideally managing an expense base or P&L of $500M+.
Deep expertise in corporate real estate finance, including occupancy accounting, lease-versus-own analysis, capital planning, and depreciation modeling.
Command of ASC 842 lease accounting, sale-leasebacks, build-to-suit transactions, and related structures.
Strong capital allocation discipline - NPV, IRR, payback, and real-options thinking applied to multi-year, multi-site portfolios.
Demonstrated experience supporting a large, geographically distributed footprint (1,000+ locations) in banking, retail, or a comparable multi-site industry.
Proven ability to build total-cost-of-location models that integrate real estate, labor, benefits, tax, and transition costs.
Experience partnering with Treasury and Accounting on balance sheet, lease, and reporting implications.
Advanced financial modeling skills and the ability to translate complex economics into concise, executive-level narratives.
Track record of building and leading finance teams and partnering effectively with senior business leaders.
Experience leading or co-leading a major real estate portfolio rationalization or office consolidation.
Familiarity with banking-specific considerations, including CRA implications of branch changes, regulatory approval processes, and how occupancy expense flows through the efficiency ratio.
Experience negotiating economic incentive and abatement packages, and structuring novel real estate finance vehicles.
Fluency with real estate technology and BI platforms (e.g., Tririga, Manhattan, CoStar, Lucernex, Power BI, Tableau).
Experience presenting to ALCO, board real estate committees, or equivalent governance bodies.
Applicants must be able to comply with U.S. Bank policies and procedures including the Code of Ethics and Business Conduct and related workplace conduct and safety policies.

Skills

Financial Strategy
Financial Planning
Financial Analytics
Workforce Strategy Translation
Scenario Decisioning
Portfolio Performance Management
Forecasting
Value Realization
Investment Discipline
ROI/NPV/IRR/Payback Analysis
Total-Cost-of-Location Modeling
Transaction Economics
Occupancy Accounting
Lease-versus-Own Analysis
Capital Planning
Depreciation Modeling
ASC 842 Lease Accounting
Sale-Leaseback Transactions
Build-to-Suit Transactions
Capital Allocation
Real-Options Thinking
Financial Modeling
Executive-Level Communication
Team Leadership
Real Estate Finance
Tax Strategy
Risk Management
Audit Readiness
Real Estate Technology
BI Platforms

Location

Primary location listed first

Work Type

Full-time

Experience Level

15+ years of progressive finance experience
5+ years as a divisional or functional CFO or senior finance leader

Salary/Compensations

Pay Range: $194,225.00 - $228,500.00

Benefits

Healthcare (medical, dental, vision)
Basic term and optional term life insurance
Short-term and long-term disability
Pregnancy disability and parental leave
401(k) and employer-funded retirement plan
Paid vacation (from two to five weeks depending on salary grade and tenure)
Up to 11 paid holiday opportunities
Adoption assistance
Sick and Safe Leave accruals of one hour for every 30 worked, up to 80 hours per calendar year unless otherwise provided by law
Comprehensive benefits package, including incentive and recognition programs, equity stock purchase 401(k) contribution and pension

About the Company

At U.S. Bank, we’re on a journey to do our best. Helping the customers and businesses we serve to make better and smarter financial decisions and enabling the communities we support to grow and succeed.
A career with U.S. Bank gives you a wide, ever-growing range of opportunities to discover what makes you thrive at every stage of your career.

Equal Opportunity

U.S. Bank is an equal opportunity employer. We consider all qualified applicants without regard to race, religion, color, sex, national origin, age, sexual orientation, gender identity, disability or veteran status, and other factors protected under applicable law.
U.S. Bank participates in the U.S. Department of Homeland Security E-Verify program in all facilities located in the United States and certain U.S. territories.
U.S. Bank will consider qualified applicants with arrest or conviction records for employment.
U.S. Bank conducts background checks consistent with applicable local laws, including the Los Angeles County Fair Chance Ordinance and the California Fair Chance Act as well as the San Francisco Fair Chance Ordinance.
U.S. Bank is subject to, and conducts background checks consistent with the requirements of Section 19 of the Federal Deposit Insurance Act (FDIA).
In addition, certain positions may also be subject to the requirements of FINRA, NMLS registration, Reg Z, Reg G, OFAC, the NFA, the FCPA, the Bank Secrecy Act, the SAFE Act, and/or federal guidelines applicable to an agreement, such as those related to ethics, safety, or operational procedures.